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Skaginn3X, which specialized in the production of advanced equipment for fish processing and was one of the largest employers in the town of Akranes, has filed for bankruptcy, the Iceland Review reported. Some 128 employees will now lose their jobs, RÚV reports. Vilhjálmur Birgisson, director of the Akranes Trade Union, wrote the following message on his social media today, following meetings wtih the fish processing company. His message has been translated and excerpted below. “Skaginn3X has requested to be taken into bankruptcy proceedings.

The story of electric vehicle (EV) maker Fisker continues with its latest chapter: the filing for bankruptcy by its Norwegian subsidiary, as revealed by Norway’s Brønnøysund Register Center, EV reported. This follows the recent bankruptcy of the company’s subsidiary in Austria, where all the vehicles were manufactured at Magna’s plant in Graz. Egil Hatling, the head of restructuring at global law firm DLA Piper, has been appointed as the bankruptcy trustee, as initially reported by local media outlet Tek.

Over the course of the election campaign, the main parties have argued furiously about trivialities and crafted photo ops straight out of the Tony Blair playbook, yet there is an ugly truth lurking behind this election: Britain is far closer to bankruptcy than our political elites are willing to admit, according to a commentary in The Telegraph. Worse still, no one even wants to talk about it. Now that the campaign is over, it is worth casting a glance at the statistics that really matter. Unfortunately, they make for sobering reading.

Sri Lanka struck a deal to restructure $12.6 billion of bonds with its creditors, bringing the South Asian nation closer to completing its debt overhaul two years after it defaulted, Bloomberg reported. Investors agreed to take a 28% nominal reduction on the bonds’ principal, according to a statement released Wednesday at the conclusion of the second round of talks. The deal included the issuance of notes whose payouts are linked to economic growth and a potential governance-linked bond.

Since time immemorial, the world of technology has continued to evolve, throwing up exciting innovations, ideas, and happenings that keep the tech scene buzzing, and one cryptocurrency that does not cease to amaze everyone is Bitcoin, The National Somaliland reported. Recently, Bitcoin saw a whopping 10,000% price spike. Consequently, creditors of the now-defunct cryptocurrency exchange, Mt. Gox, are reaping enormous windfalls from their claims in the Bitcoin bankruptcy estate. For those not familiar with the Mt. Gox saga, it was formerly the world’s biggest Bitcoin exchange.

Many business owners in Japan are struggling to find enough workers to stay afloat, NHK World reported. The number declaring bankruptcy as a result was at a record high in the first half of this year. Private research firm Teikoku Databank says Japan's labor shortage drove 182 companies to the wall between January and June. The number was up by 72 from a year earlier. It's the highest figure since the firm started keeping track. Fifty-three of the businesses were in the construction industry, and 27 were in logistics.

The saga of green-tech darling Nexii Building Solutions has ended with a court-approved bankruptcy sale of the company and its debts to two Americans, BIV reported. According to a BC Supreme Court approval and vesting order, Nexii Building Solutions and its subsidiaries have been sold to Nexiican Holdings Inc. and Nexii Inc. for $500,000 and assumption of more than $20 million in debt obligations. The principals of the two acquiring entities are Blake Beckham, a lawyer with Beckham Portela in Dallas, Texas, and director for Nexiican Holdings; and Russ Lambert, president of Nexii Inc.

A severe labor shortage and rising prices are weighing heavily on Japan's nursing care providers, with 81 nursing homes going bankrupt over the past six months, a Tokyo-based research center has said, the Japan Times reported. This is the highest number recorded for the first half of the year since the nursing care insurance system started in 2000. It also marked a 50% increase from the same period of last year, Tokyo Shoko Research said. Previously, the highest number of bankruptcies recorded was 58 in 2020 during the COVID-19 pandemic.

The European Union gave Deutsche Lufthansa its conditional approval to buy a minority stake in ITA Airways, the Italian carrier formerly known as Alitalia, bolstering the German carrier group’s reach in Europe and its exposure to the lucrative Italian market, the Wall Street Journal reported. The European Commission, the bloc’s executive arm, said its approval was conditional upon full compliance with remedies offered by Lufthansa and Italy’s economy and finance ministry to address concerns from competition officials over the deal’s impact on short- and long-haul routes.

Swiss inflation unexpectedly eased — offering reassurance to Swiss National Bank officials who’ve lowered borrowing costs for two straight meetings, Bloomberg reported. Consumer prices rose 1.3% from a year ago in June, the statistics office said Thursday. That’s less than economists estimated and down from May’s 1.4%, which was the fastest clip this year. The slowdown was helped by a 0.2% annual decline in the cost of goods, while services were up 2.4%. Core inflation also moderated to 1.1%, defying expectations for it to quicken.